Wednesday, December 23, 2009

Indian Stock Market Outlook 23-December-2009 (Nifty, Bank Nifty and Stocks)

RECAP


Just like we had written, nifty made open low at4967 and moved to our first target of 5000.


It was the only trade possible in what was otherwise a dull day for trading.


Link to yesterday's post: http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-22-december.html


NIFTY


Nifty closed at a strong support area of 4985. This area should act as support in today's trading.


As long as nifty doesn't break yesterday low of 4967, it will move upto 5010, 5025 and 5040.


5040 level will act as strong area of resistance today.


NIFTY - Option Watch


Most Traded Puts



Most Traded Calls



There are no levels for bank nifty today.


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

1 comment:

Ven said...

Hi Jerry,
Could you explain us what are all the factors to be inferred from the most traded calls/puts and can we trade options based on the factors if there is any ?????

Regards,
Vengat

World Markets (delayed)